Unlike traditional banks, we know you are more than your parents’ credit score. So, we focus mainly on other factors in the selection of our loan recipients. The major areas we are looking for:
- Academic: We want to see that you are a solid student, who will be able to graduate college! There is no magic GPA or university, but typically we look for a consistently solid or upward trend in GPA.
- Financial: We want you to be successful in college (and beyond), so we make sure that you have maximized federal funding (FAFSA, Pell Grants, etc) and minimized private loans. We also want to make sure you have a reasonable work / school balance.
Please Note: as part of the final phases of the application process, you will be asked to submit information for a credit check. Although having a credit score is not required to get a Sixup loan, your credit history will be taken into account if you have one.